Solimar Energy

Projects / Kreyenhagen Project

Asset: Kreyenhagen (Solimar 33.33% - 100%, Operator)
Location: West basin margin, NW San Joaquin Basin, immediately west of Kettleman Hills
Description:
Area: 14,872.5 acres (gross)

Technical:

Leases cover the outcropping basin margin and flank plunging to the east.  Contains a gazetted field area for a known shallow 13o - 18o API gravity oil accumulation in the Temblor Sandstone reservoir.  Same trap type as the giant Coalinga Field to the North.  150-325 feet oil intersections in four suspended wells (drilled 2007) in the field administrative area.

A 1200 foot gross oil column is indicated from well intersections.

The four suspended wells are available for re-entry and production testing of the Temblor Sandstone and other reservoir targets that include:

Oil shale potential (light oil) in fractured shales of the Monterey and Kreyenhagen Shales.  Strong oil shows and excellent measured reservoir properties within the Kreyenhagen Shale in several wells in the acreage.

In addition, light oil and gas has been tested from the Avenal Sandstone below the Kreyenhagen Shale.

Opportunity to apply modern technologies for the first time to unlock the large conventional and unconventional oil resources in the project.

Forward Plan:

Commence initial work program based on re-entry and production testing suspended wells.  Plan program to convert resources to reserves at each primary target level.

Schematic map of the NW San Joaquin Basin Kreyenhagen Oil Shale play fairway

Schematic cross section showing target zones in the Kreyenhagen project area.

 

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